Late Trading And Market Timing At Putnam Investments

Authors

  • John B. Duncan Charleston Southern University

Keywords:

case study, late trading, market timing, civil securities, fraud

Abstract

Between 2000 and 2003 several fund managers at Putnam Investments were involved in late trading and market timing trades. These fund managers personally made large windfalls from their actions. The SEC charged Putnam and the managers with civil securities fraud. This case examines late trading and market timing and who loses when these activities take place.

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Published

2022-01-26

Issue

Vol. 5 No. 2 (2008)

Section

Cases

License

Copyright (c) 2008 Author retains copyright

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